(b) The following ledger account balances have been extracted from the trial balance of Jumia Kenya ltd at the end of the year 2023. Page 3 of 4 Required; 1) From the above adjusted trial balance provided by Jumia Kenya Ltd at the end of the year 2023 explain the closing of the year procedures and provide the relevant joumal entries to accompany the explanation. (4 marks) ii) Prepare the closing trial balance for Jumia Ltd after incorporating the closing of the year procedures in (1) above. (2 marls) iii) One of the methods that can be used to analyze the audit evidence is in external audits carrying out substantive testing. Explain how an external auditor would carry out the substantive test to confirm the accuracy of the sales for the year of (314,180,000) as shown in the above trial balance for Jumia. (5 marls)